A recent report from realtor.com showed that Denver has one of the most fast-paced housing markets among the nation’s major metro areas. Furthermore, it has one of the lowest levels of inventory when measured by property listings. Given these two factors alone, it’s easy to see why home prices have risen so much.

At the end of March, the research team from Realtor.com published an updated housing market report with data for the nation’s largest metro areas. Among other things, the report showed the median number of “days on market” for each metro area. The median days on market (DOM) metric basically shows how quickly homes are selling, once they have been listed for sale. A lower number shows a faster-moving real estate scene, while a higher number reflects a slower housing market.

In that March 2022 report, the Denver-Aurora-Lakewood metro area had the lowest median DOM among the nation’s largest metros. As of March, homes listed for sale within the Denver-area housing market spent a median of just nine days on the market. And that was seven days lower than a year earlier.

A separate report showed that the Denver real estate market had a 0.4-month supply of homes for sale as of February 2022. That was one of the lowest supply levels of any major city in the country, for that particular timeframe. And it’s a big reason why homes are selling so quickly.

As a result of all this, the Denver housing market could be one of the hottest markets in the nation through 2022 and into 2023.

If you’re ready to become a homeowner in 2022, you’ll need to bring your A-game. Competition in fierce, but don’t lose hope. The first step is getting an experienced pro in your corner to help you navigate the process. Contact Metrowest today and let’s discuss your options!